[ Milliman provides consulting services to a broad array of clients in the life insurance and financial services industries. We are looking for a self-motivated actuarial student to work closely with consulting actuaries on a variety of projects, such as due diligence, actuarial modeling in MG-ALFA, and analysis of life insurance blocks. This position provides excellent opportunities for professional development and on-the-job learning.

Job responsibilities

• Develop actuarial projections for an insurance block in MG-ALFA
• Review, organize, and analyze data (e.g., liability in-force data, mortality and/or lapse experience data)
• Assist in developing deal models in Microsoft Excel for transaction (i.e., mergers, acquisitions, financing) assignments
• Perform static and dynamic model validations
• Assist in preparation of written actuarial reports and opinions
• Assist with research projects
• Work independently to complete tasks

Required

• Demonstrated experience/interest in programming or data science, including advanced experience with Microsoft Excel (VBA), experience with Microsoft Access / SQL, Power BI, or other languages such as Python, SAS, or R
• At least one actuarial exam passed, and plans to continue on FSA path
• Desire and ability to interact and communicate effectively (written and oral) with colleagues and clients
• Desire and ability to adapt to a variable workload (balance and prioritize multiple projects)
• Ability to analyze and apply creative problem solving both independently and within a team
• Familiarity with life/health/annuity products, especially variable annuities, indexed annuities, or indexed universal life.
• Experience working at life/health/annuity insurer, actuarial consulting practice, or investment firm or investment bank servicing the life insurance industry

Preferred but not required

• Experience developing or maintaining actuarial models, especially in MG-ALFA or other actuarial modeling platform
• Familiarity with fixed income and equity securities, including derivatives

Compensation

The hourly range is $26 to $43, depending on combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

Location

The person/people hired for this role will be required to work in-person in our New York City (Manhattan) office on a weekly basis, but flexible work arrangements will be discussed.

Benefits

We offer competitive benefits which include the following based on plan eligibility:

• When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) ]